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    Property profile & analytics

    232 New Rd Arundel, ME 04046-8748

    • Investment properties
    • 1,260 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Feb 01, 2022
    Location Intelligence
    Property ID
    US42-0907449
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 232 New Rd

    Year built
    1993
    Lot size
    2.05 lot acres
    Property size
    1,260 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ARUN M:004 L:013
    APU
    ARUNM004L013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $350,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $345,000
      Mixed-Use
      $390,000
      Hospitality
      $365,000
      Educational
      $295,000
      Residential Income
      $345,000
      Energy
      $350,000
      Income-Based Land
      $365,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.7324
    Latitude
    43.4505
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,257
    $76,200
    $115,400
    $191,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      896 SF

      1144 Alfred Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 896 SF
      1144 Alfred Rd, Arundel, ME 04046-8901
      View Details
    • Value Estimation
      $305,000
      2,054 SF

      1652 Portland Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,054 SF
      1652 Portland Rd, Arundel, ME 04046-8178
      View Details
    • Value Estimation
      $1,285,000
      3,758 SF

      1144 Portland Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,758 SF
      1144 Portland Rd, Arundel, ME 04046-8102
      View Details
    • Value Estimation by Request
      12,000 SF

      670 Alfred Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,000 SF
      670 Alfred Rd, Arundel, ME 04046-8707
      View Details
    • Value Estimation
      $305,000
      2.80 Acres

      232 Arundel Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2.80 Acres
      232 Arundel Rd, Kennebunkport, ME 04046-5207
      View Details
    • Value Estimation
      $385,000
      2,928 SF

      121 Ocean Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,928 SF
      121 Ocean Ave, Kennebunkport, ME 04046
      View Details

    Similar Nearby for Sale

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      Residential/commercial property in high-traffic area with excellent visibility.
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      View Details
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    • $150,000
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      Undeveloped 4.4-acre lot in desirable Kennebunkport location.
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      Prime Dock Square location, high traffic, investment opportunity.
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    232 New Rd
    Arundel, ME 04046-8748
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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